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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
938 10th Mile Rd, Hazel Park, MI 48030-1220
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1326283
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1951
Total area
5,784 SF
Lot
0.28 ac (12,197 SF)
Zoning code
II
APN
28-25-25-131-004
UPID
US43-1326283
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
938 E 10 Mile LLC · 3 yrs held
938 E 10 Mile LLC
since 2022
Last sale
$522,000
4 recorded transactions
Zoning & alternative use
II · Hazel Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$710,000
+60.5%
Office building
$680,000
+53.6%
Neighborhood: shopping center
$540,000
+21.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hazel Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazel Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$440,000
Current use
AUTO REPAIR, GARAGE
$710,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$680,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $522k (Oct 7 2022)
Last sale anchor
$522k
Oct 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$8,408
Tax year 2021
Assessed value
$110,840
Assessed 2023
Previous assessed
$110,840
+0.0% YoY
Effective rate
7.59%
On assessed value
Total market value
$221,680
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1951
Heating
GAS
Cooling
YES
Stories
1
Units
1
Total area
5,784 SF
Lot
0.28 ac (12,197 SF)
Zoning code
II
APN
28-25-25-131-004
UPID
US43-1326283
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Hazel Park, MI
Zoning II · permitted uses
II · Hazel Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hazel Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$710,000
OFFICE BUILDING
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Heating
GAS
Cooling
Yes
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
938 E 10 Mile LLC
Entity
Free & Clear · 3 yrs held
Mailing address
812 E 9TH MILE RD, HAZEL PARK, MI 48030-1840
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
$522,000
938 E 10 Mile LLC
938 Hazel Park LLC
Deed
—
Apr 23, 2021
$525,000
938 Hazel Park LLC
Zcompany Investment Hp 9 LLC
Warranty Deed
—
Dec 1, 2020
$565,000
Zcompany Investment Hp 9 LLC
Duhaime Laura M Trust
Warranty Deed
—
Jun 23, 2003
—
Laura M Duhaime
Duhaime,james & Laura
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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